Supporting All Stakeholders During COVID-19 Employees Customers Communities Executing Pandemic Response Executing Business Continuity Upholding funding Plan to ensure health and Plan to ensure safe and quality commitments to national…
2020 Mitigating Actions & Optionality April WTI 17(3) TODAY Workforce reduction Costs 890MM (9%) Additional sustaining capital savings Capital(1)(2) 210-250MM (67%)(4) Additional Executive compensation reductions 50MM of Headcount…
Strength via Diversification and Transformation Basins Cash Flows Customers Wellhead Volume Q1 2020 Adjusted EBITDA 2010 vs. 2019 Top 50 Customers, 74% IG(2) East Texas Other 7% 6% Marketer DJ Basin 18% Diversity of Eagle Ford…
Updated 2020 Outlook Managing dynamic environment by preparing for broad variety of scenarios 2020e Revised Sensitivities 2020 Revised Outlook Before Hedge After Hedges Impact Hedges Commodity Per unit (MM) (MM) (MM) (MM) 2020…
Liquidity and Financial Position 600 million of current liquidity, expected to increase throughout the year Revolving credit facility 1.4 billion unsecured revolving credit facility backed by 16 leading Liquidity financial…
Capital Allocation Financial Priorities Growth Capital Outlook ( in Millions) De-emphasize Reduce Organic Leverage Growth (2) 887 -81% Maintain Create Long- 856 Credit Ratings Term Stability (1) 427 150-190 50 Ba2 / BB+…
Managing Counterparty Risk Customer Ratings(1) Customer Types Other 6% B- to BB+ Producer 26% Marketer 22% 18% A- to A+ 36% Refiner / Petrochem 20% Midstream 24% BBB-, BBB, BBB+ Utility 38% 10% Top 50 customer base,…
2020 and 2021 Hedges Hedge Position as of May 1, 2020 Commodity Q1 2020 Q2 2020 Q3 2020 Q4 2020 2020 Avg. 2021 Avg. NGLs hedged (Bbls/d) 10,352 10,352 10,239 10,239 10,295 4,241 Total Equity Length Hedged(2) Targeted average…
DCP Strategic Execution 12
Strong Portfolio of Assets Leading Midstream Provider Integrated Logistics & Marketing and Gathering & Processing business with competitive footprint and geographic diversity Unparalleled interconnectivity and access to…
DCP Business Evolution 2010* 2020 Extended and enhanced Logistics & Marketing value chain Strategically aligned Gathering & Processing footprint Opportunistic consolidation, right-sizing the portfolio DCP 2.0 transformation…
Integrating & Enhancing the Value Chain Strategic G&P footprint feeding growing Logistics asset base Driving customer volumes to multiple market centers along the Gulf Coast Q3 2019 OConnor 2 plant PROCESSING Q4 2019 OConnor 2…
Disciplined and Strategic Growth Projects in Progress Est. 100% Total Est. Expected (MM net to DCPs interest for JVs) Capacity CapEx In-Service Gathering & Processing WES Processing Offload Long-term gas processing offload…
DCP 2.0 Driving the Operations of the Future DCP 2.0 Strategic Objectives Achieve Real-Time Digitally Enable the Increase Cash Flow While Optimization and Decision Business and Workforce Diminishing Risk Making Utilize real-time…
ICC and Remote Operations Integrated Collaboration Center (ICC) Linking Numerous Data Sources SCADA Financial Real-Time Engineering KPIs Contracts and DCS Data Prices Data Integrated Collaboration Center Remote Operations…
Sustainability 19
Highlights from the Inaugural DCP Midstream Sustainability Report DCP is committed to safety, social responsibility, diversity, environmental leadership, operational excellence, and ethical business practices to ensure the decisions we…
DCP 2.0 Environmental Management Transformation We recognize our critical responsibility to provide safe, affordable, reliable energy, while reducing our contribution to, and mitigating the impacts of climate We are leading the change.…
Segment Overviews 22
Logistics and Marketing (L&M) Overview DCP Logistics Assets The Logistics & Marketing segment is fee-based or fee-like and includes NGL and gas takeaway pipelines, marketing, trading, storage, and fractionators. Sand Hills provides…
L&M Ownership & Customers NGL and gas pipelines provide open access to premier demand markets Legend: DCP operated Third party operated Customer Centric Pipeline Takeaway Southern Hills DCP 67% owner Front Range Operated…
Gathering and Processing (G&P) Overview North Assets Permian Assets South Assets Midcontinent Assets DJ Basin Delaware Basin Eagle Ford SCOOP/STACK 10 active plants 4 active plants 5 active plants 6 active plants 1,160 MMcf/d net…
Diverse Producer Customers in Key Basins DJ Basin (North) Midcontinent Permian South Volume and margin portfolio supported by long-term agreements with diverse high- quality producers in key regions 26
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